REG - Newmark Security PLC - Grant of options
20/06/2022 07:00
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RNS Number : 3863P Newmark Security PLC 20 June 2022
Newmark Security plc
("Newmark", the "Company" or the "Group")
Grant of options
Newmark Security plc (AIM: NWT), a leading provider of electronic and physical
security systems, announces the grant of options over ordinary shares of 5p
each ("Ordinary Shares") to certain Directors and members of senior management
of the Company under the Newmark Security plc 2019 EMI Share Option Plan (the
"Plan").
Grant of options to Newmark CEO
Under her service agreement, Marie-Claire Dwek is entitled to receive options
over Ordinary Shares representing 20% of her annual salary, subject to the
achievement of certain operational performance criteria in each financial
period. The Company has today granted EMI options to Marie-Claire Dwek over
83,153 new Ordinary Shares (the "CEO Options") in respect of the financial
year ended 30 April 2021. The CEO Options are exercisable at 50p per option
and vest as to 1/3 on 20 June 2023, 1/3 on 20 June 2024 and 1/3 on 20 June
2025. The CEO Options lapse on the tenth anniversary of the date of grant.
Following the grant of the CEO Options, Marie-Claire Dwek holds options over
656,518 Ordinary Shares, equivalent to 7.0% of the Company's current issued
share capital. It is not anticipated that Marie-Clare Dwek will be entitled
to any options in respect of the year ending 30 April 2022.
Grant of options to Senior Management
The Company has today granted an additional 345,000 options over Ordinary
Shares to members of the Group's Senior Management (the "Management Options"),
including the following grants to a Director and certain persons discharging
managerial responsibilities ("PDMRs"):
Name Role No. Management Options granted Total no. of options held post grant % of current issued share capital
Paul Campbell-White CFO, Newmark 70,000 70,000 0.75%
Colin Leatherbarrow CTO, Grosvenor 40,000 40,000 0.43%
Nicholas Shannon MD, Safetell 50,000 50,000 0.53%
Sean McCrory Operations Director, Safetell 20,000 20,000 0.21%
In order to minimise dilution to shareholders whilst still providing a
meaningful incentive to the recipients of the Management Options, the
Management Options have an exercise price of 5p per option, being the nominal
value of an Ordinary Share. The Management Options all vest on the third
anniversary of the date of grant, subject to continued employment, and are
exercisable up until the tenth anniversary of the date of grant. The
Management Options are subject to an additional share price vesting criteria
that the average closing mid-market price of an Ordinary Share on the 10
business days preceding the date of exercise must exceed 63.88p, being a 75%
premium to the closing mid-market price of an Ordinary Share of 36.5p on 17
June 2022, the date prior to grant.
Total options outstanding
In total, the Company has today granted options over 428,123 new Ordinary
Shares, representing 4.57% of the Company's current issued share capital.
Following the options grants, the Company has a total of 1,001,518 options
outstanding over Ordinary Shares, representing 10.68% of the Company's current
issued share capital.
Further details on the grants to Directors and PDMRs are set out in the tables
below.
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Marie-Claire Dwek
2 Reason for the notification
a) Position/status CEO
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Newmark Security plc
b) LEI 213800CL2XGDB1YCLM67
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Options over ordinary shares of 5p each in Newmark Security plc
Identification code
Identification code (ISIN) for Newmark Security plc ordinary
shares: GB00BNYM9W73
b) Nature of the transaction Grant of options
c) Price(s) and volume(s) Price(s) Volume(s)
50p exercise price 83,153
d) Aggregated information
- Aggregated volume n/a
- Price n/a
e) Date of the transaction 20 June 2022
f) Place of the transaction Outside a trading venue - grant of options
d)
Aggregated information
- Aggregated volume
- Price
n/a
n/a
e)
Date of the transaction
20 June 2022
f)
Place of the transaction
Outside a trading venue - grant of options
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Paul Campbell-White
2 Reason for the notification
a) Position/status CFO
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Newmark Security plc
b) LEI 213800CL2XGDB1YCLM67
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Options over ordinary shares of 5p each in Newmark Security plc
Identification code
Identification code (ISIN) for Newmark Security plc ordinary
shares: GB00BNYM9W73
b) Nature of the transaction Grant of options
c) Price(s) and volume(s) Price(s) Volume(s)
5p exercise price 70,000
d) Aggregated information
- Aggregated volume n/a
- Price n/a
e) Date of the transaction 20 June 2022
f) Place of the transaction Outside a trading venue - grant of options
d)
Aggregated information
- Aggregated volume
- Price
n/a
n/a
e)
Date of the transaction
20 June 2022
f)
Place of the transaction
Outside a trading venue - grant of options
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Colin Leatherbarrow
2 Reason for the notification
a) Position/status CTO, Grosvenor Technology (PDMR)
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Newmark Security plc
b) LEI 213800CL2XGDB1YCLM67
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Options over ordinary shares of 5p each in Newmark Security plc
Identification code
Identification code (ISIN) for Newmark Security plc ordinary
shares: GB00BNYM9W73
b) Nature of the transaction Grant of options
c) Price(s) and volume(s) Price(s) Volume(s)
5p exercise price 40,000
d) Aggregated information
- Aggregated volume n/a
- Price n/a
e) Date of the transaction 20 June 2022
f) Place of the transaction Outside a trading venue - grant of options
d)
Aggregated information
- Aggregated volume
- Price
n/a
n/a
e)
Date of the transaction
20 June 2022
f)
Place of the transaction
Outside a trading venue - grant of options
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Nicholas Shannon
2 Reason for the notification
a) Position/status Managing Director, Safetell (PDMR)
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Newmark Security plc
b) LEI 213800CL2XGDB1YCLM67
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Options over ordinary shares of 5p each in Newmark Security plc
Identification code
Identification code (ISIN) for Newmark Security plc ordinary
shares: GB00BNYM9W73
b) Nature of the transaction Grant of options
c) Price(s) and volume(s) Price(s) Volume(s)
5p exercise price 50,000
d) Aggregated information
- Aggregated volume n/a
- Price n/a
e) Date of the transaction 20 June 2022
f) Place of the transaction Outside a trading venue - grant of options
d)
Aggregated information
- Aggregated volume
- Price
n/a
n/a
e)
Date of the transaction
20 June 2022
f)
Place of the transaction
Outside a trading venue - grant of options
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Sean McCrory
2 Reason for the notification
a) Position/status Operations Director, Safetell (PDMR)
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Newmark Security plc
b) LEI 213800CL2XGDB1YCLM67
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Options over ordinary shares of 5p each in Newmark Security plc
Identification code
Identification code (ISIN) for Newmark Security plc ordinary
shares: GB00BNYM9W73
b) Nature of the transaction Grant of options
c) Price(s) and volume(s) Price(s) Volume(s)
5p exercise price 20,000
d) Aggregated information
- Aggregated volume n/a
- Price n/a
e) Date of the transaction 20 June 2022
f) Place of the transaction Outside a trading venue - grant of options
d)
Aggregated information
- Aggregated volume
- Price
n/a
n/a
e)
Date of the transaction
20 June 2022
f)
Place of the transaction
Outside a trading venue - grant of options
Newmark Security plc
Marie-Claire Dwek, Chief Executive Officer Tel: +44 (0) 20 7355 0070
Paul Campbell-White, Chief Financial Officer
www.newmarksecurity.com (http://www.newmarksecurity.com/)
Allenby Capital Limited Tel: +44 (0) 20 3328 5656
(Nominated Adviser and Broker)
James Reeve / Liz Kirchner (Corporate Finance)
Amrit Nahal (Sales & Broking)
About Newmark Security plc
Newmark is a leading provider of electronic, software and physical security
systems that helps organisations protect human capital and provide safe spaces
seamlessly and securely.
From our locations in the UK and US, we operate through subsidiary businesses
positioned in specialist, high-growth markets.
We foster an open and inclusive work environment amongst our c. 100 employees,
serving hundreds of blue-chip customers.
Our product portfolio consists of Human Capital Management and Access Control
Systems providing both hardware and software and Physical security
installations to various sectors.
Newmark Security plc is admitted to trading on AIM (AIM: NWT).
For more information, please visit: https://newmarksecurity.com/
(https://newmarksecurity.com/)
Safe. Seamless. Secure
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